Monday, June 19, 2006

Home Depot Governance Conflict

Home Depot (NYSE:HD) announces that they have completed a review and their executive stock option plan does not smell bad. Everything is appropriate. Just a short while ago they also announce they will no longer be reporting critical sales figures. Monthly and same store sales reports are de rigeur in retail but not the SEC. Transparency suffered badly. Can, may or will insiders take trading advantage over investors on the outside who need to do research. Not the best move in a governance conflicted era.